Turkey, ‘Axis of Gold’ and the End of US Dollar Hegemony

 

Introduction

With a ‘Hard Brexit’ looking more likely and Trump’s inauguration this week, 2017 is well and truly under way.

What we expect the year to hold is probably not even half of what it really will. But from what we know, the upcoming French and German elections, referendums, geopolitical crises, steps towards reverse globalisation and a third of global government debt yielding negative interest rates, governments are already prompting central banks and investors to turn to the one asset that has survived millennia of financial and monetary crises.

One that is highly liquid and convertible into other currencies – gold. Continue reading

Paramount Gets China Infusion: $1 Billion, 3-Year Slate Co-Financing Deal With Shanghai Film Group & Huahua Media

 

EXCLUSIVE: Paramount Pictures has made its most significant long-term alliance in China since Viacom chief Shari Redstone nixed a 49% stake sale to Dalian Wanda for $4.9 billion last year. The studio has closed deals with Shanghai Film Group Corp and Beijing-based Huahua Media for those companies to fund 25% or more of the studio’s entire film slate for the next three years, with an option for a fourth. Continue reading

Jack Ma: America has wasted its wealth

 

Jack Ma, one of China’s most successful and richest entrepreneurs, has responded to America’s growing globalization backlash, arguing that the superpower has benefited immensely from the process – but that it has largely squandered its wealth.

“American international companies made millions and millions of dollars from globalization,” Ma – the founder of Alibaba, the world’s largest online retailer – told participants on the second day of Davos. “The past 30 years, companies like IBM, Cisco and Microsoft made tons of money.”

The question is: where did that money go? It was wasted, Ma explained. Continue reading

Is Vietnam tilting toward China?

First the Philippines, then Malaysia, now Vietnam… As predicted, Asia will tilt away from the United States and come under the umbrella protectorate of China, and form a new Asian bloc.

Who wants to go to war with China when you have an unstable United States under Barack Obama who may or may not have your back? Who wants to go to war with China with a bi-polar United States that changes its position with every new President? Who wants to go to war with China when the United States is further decimating its own already-troubled military?

These are the perspectives these Asian nations have. If you can’t beat them (China), join them.

 

When he traveled to China for a state visit in October 2016, Philippine President Rodrigo Duterte was grandly received by Beijing.

Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam (CPV), was treated much in the same manner during his official trip to China last week.

Yet, while Mr Trong’s visit was aimed at developing stronger ties with China, it does not mean that the communist leadership in Hanoi is pursuing a Duterte-like pivot to Beijing. Continue reading

Trump Takes On The Deep State

This is an article that merits a lot of attention. It explains what Donald Trump is really up against: A renegade “Deep State” that does what it wants, regardless of who is President, and can outlast many presidencies.

For archiving purposes, the article will remain in full here.

 

The tweet heard ’round the intelligence world.

 

 

  • Donald Trump engages in war of words with outgoing CIA head
  • Trump policies on trade, foreign policy depart from longstanding norms
  • Past events point to policymaking powers beyond elected officials
  • Russian relations a major sticking point between Trump, much of gov’t
  • Aggressive stance towards China could result in enormous market volatility

Last Sunday, US president-elect Donald Trump launched one of his now-trademark series of broadsides against the CIA, claiming that the latest series of leaks concerning his alleged misuse of a Moscow hotel suite previously occupied by president Barack Obama was a “complete fraud”.

Trump then compared the US intelligence regime to Nazi Germany in a tweet that called the leak, which alleged various colourful activities involving prostitutes, “fake news […] one last shot at me”. Continue reading

China’s Xi Jinping Speech Seen as Move to Fill Global Leadership Role

China’s President Xi at the World Economic Forum, in Davos. He portrayed further globalization as a historical trend and outlined China’s contributions that had benefited the rest of the world. PHOTO: LAURENT GILLIERON/AGENCE FRANCE-PRESSE/GETTY IMAGES

 

DAVOS, Switzerland—Chinese President Xi Jinping’s strong defense of globalization at a speech at the World Economic Forum was depicted here as an effort to fill a vacuum being created by the U.S. stepping back from a global leadership role.

Mr. Xi was seen as reacting to growing concerns that the incoming U.S. administration of Donald Trump would shift the world’s largest economy toward protectionism. Continue reading

IMF Boosts Growth Forecast for US, Cites Trump Impact

Please see the source for the video.

 

WASHINGTON (AP) — The International Monetary Fund on Monday raised its forecast for the U.S. economy over the next two years, saying President-elect Donald Trump’s policies should boost economic growth, particularly in 2018. But officials warned that if Trump’s protectionist trade proposals set off a trade war, that could be “quite destructive” for the global economy.

The IMF also increased 2017 growth projections for a number of other countries including China, Germany, Japan and Britain, but warned that the global economy faced a number of downside risks from rising protectionism to a jump in interest rates. Continue reading

Merkel warns Trump against protectionism

German Chancellor Angela Merkel called on Donald Trump to steer clear of protectionism and isolation. Photo: Reuters

 

‘There are more advantages … to moving forward together than when everyone resolves their problems for themselves’

German Chancellor Angela Merkel warned Saturday against protectionist tendencies of US President-elect Donald Trump, citing lessons learned in the 2008 global financial crash and stressing the need cooperation and united action. Continue reading

‘Brexit was a GREAT thing…you were smart to get OUT’ Trump praises UK and promises trade

DONALD Trump has promised to work quickly with Britain to secure a “quick and proper” trade deal after Brexit, which he predicted would be “great” for the country.

The president-elect said: “Brexit is going to end up being a great thing.

“We’re gonna work very hard to get it done quickly and done properly. Good for both sides.” Continue reading

Hammond’s threat to Europe: We’ll turn Britain into a TAX HAVEN if you try to ‘wound’ us in Brexit talks as he warns UK will do whatever it takes to ‘regain competitiveness’

Chancellor Philip Hammond said the UK would do whatever it takes to ‘regain competitiveness’ if it is denied a good trade deal

 

  • Chancellor says UK will do anything needed to stay competitive post-Brexit
  • Suggests corporation tax and red tape could be slashed to lure in business
  • Comes as Theresa May prepares to deliver speech setting out Brexit approach
  • Jeremy Corbyn accuses government of risking a ‘trade war’ with Europe

Philip Hammond has delivered a stark warning to the EU that Britain will slash taxes and battle for business if the bloc tries to ‘wound’ us in the looming Brexit talks.

The Chancellor said the UK would do whatever it takes to ‘regain competitiveness’ if it is denied a good trade deal.

The threat comes as Theresa May prepares to flesh out her plans for cutting ties with Brussels – making clear that she is ready to leave the European single market and customs union in order to regain control of immigration. Continue reading

‘STORM IS COMING’ Top economist warns financial disaster LOOMS as banks are NOT prepared

John Vickers

Sir John Vickers has warned about the safety of UK banks

 

A SEVERE financial storm is going to hit and the Bank of England hasn’t done enough to prevent a repeat of the last financial crisis, Sir John Vickers has warned.

Britain’s banks and financial systems are still too fragile, which could lead to another disaster in the face of a big downturn, blasted the economist who led the Independent Commission on Banking.

Sir John told ITV News: “A storm is going to come, we can’t predict when, but you want to be ready for it. Continue reading

Pope Francis Now International Monetary Guru?

You may find the original document publication here:

Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority

 

As the new year dawns, it seems the current occupant of St. Peter’s Chair will take on a new function which is outside the purview of the office that the Divine Founder of his institution had clearly mandated.  Besides being a self proclaimed expert on global warming and a vociferous advocate of societal-wrecking mass immigration, it looks as if “Pope” Francis has entered the realm of global economics specifically, international monetary policy.

In an 18-page document issued through the Vatican’s Office of Justice and Peace, Bergoglio has called for, among other repressive and wealth-destructive measures, the establishment of a “supranational [monetary] authority” to oversee international monetary affairs:

In fact, one can see an emerging requirement for a body that will carry out the functions of a kind of ‘central world bank’ that regulates the flow and system of monetary exchanges similar to the national central banks.

Continue reading

Dollar to hit parity with euro in 2017

 

The dollar is likely to hit parity with the euro during 2017 driven by diverging paths for interest rates, according to Goldman Sachs’ chief economist.

The Federal Reserve is likely to hike interest rates three times in 2017, pushing it even further from the rate positioning stance of Europe during the course of the year, Jan Hatzius told CNBC at the Goldman Sachs Strategy Conference in London on Monday. Continue reading

FDIC: Bank of America owes us half a billion dollars

Bank of America is being accused of stiffing the FDIC, the government agency that insures people’s deposits against a bank failure.

The FDIC filed a lawsuit in federal court on Monday demanding that Bank of America pay $542 million it owes to the regulator’s deposit insurance fund.

“Because Bank of America refuses to pay, the FDIC seeks relief from this Court,” the suit in federal court in Washington said. Continue reading

Globalist leaders ensure North American integration mechanisms remain in place

Damage control, hibernation and infiltration with the aim of outlasting, influencing and steering… This is exactly what Trump’s opposition is doing. They are entrenching themselves like they did with Ronald Reagan and biding their time, while still being able to complete a few objectives here and there, until he is out of office.

There are two America’s in this case: Globalist and nationalists. George W. Bush, for example was a globalist, as he pushed for a North American Union. Barack Obama on the other hand, for example, pushed TTIP to harmonize business between the EU and America. Donald Trump is a nationalist who wants to bring America back to a sovereign nation status.

When you look at the overall picture, you see that there really is no difference between Republican and Democrat parties. They’re both the same under different names. As was Soviet Russia, and even Russia today. No matter which candidate wins, the KGB gets one of their men in the Kremlin. Donald Trump is the true outsider (or at least he ran under that banner), which is even why his own Republican party tried so feverishly to stop him.

President Barack Obama speaks to the representatives and dignitaries of the NATO nations at the start of the North Atlantic Council during the Chicago NATO Summit, May 20. (DVIDSHUB/Flickr)

What will be the fate of NAFTA?

As Donald Trump prepares to become U.S. president on Jan. 20, the future of NAFTA is in doubt. He has promised to either renegotiate or withdraw from the trade agreement. Despite the outcome of the 2016 presidential election, there are still many different existing North American integration mechanisms that remain in place. Over the last year, the globalists have quietly laid the foundation to ensure their continental agenda continues. They are positioning themselves so they can try to better influence the new Trump administration in advancing deeper economic, political and security integration in North America. Continue reading